HDB challenges fastened-fee bonds beneath its Multicurrency Medium Phrase Note programme to finance improvement projects and dealing funds demands. These bonds, that happen to be typically rated AAA by agencies like Fitch, are considered exceptionally very low chance. Latest issuances consist of a S£875 million, five-yr Fixed Level Inexperienced Be aware with a coupon more info of one.837% for each annum issued in July 2025, and a S£900 million set-rate Observe because of in 2031 with a three.46% once-a-year fascination price. The minimum financial commitment for these bonds is usually large, with denominations of S$250,000, building them mostly obtainable to institutional and accredited traders. HDB's bonds are distinct from Singapore Govt Securities (SGS) and Singapore Cost savings Bonds (SSBs). The coupon rate is fastened for your bond's lifespan and compensated semi-each year.